The Place of FinTech Applications in Islamic Finance: A Conceptual Evaluation

OpenAlex · İngilizce

The fact that digitalization and technology-supported systems, which are among the most basic applications of the 21st century, are an integrated and vital part of our lives, has increased the demand for financial technologies. It is seen that Islamic financial technology (Islamic FinTech) applications have an important place, especially with financial technology (FinTech). In this context, FinTech and Islamic FinTech applications are conceptually included in the study. By referring to the literature studies on these two concepts, the concept of Islamic finance is discussed from a religious perspective. In this study, basic conclusions were obtained that Islamic finance and FinTech concepts/applications are very up to date, their development and critical aspects are obvious, Islamic finance contains uncertainties in terms of jurisprudence, and that more innovation, diversity, breadth, equipment and time are needed in the applications of the Fintech system to meet the needs of Islamic finance applications.